HAHAHA...Stupid Fair Tax

[wgadget]

Huck gets a lot of voters for the FairTax.

There's some expert on saying that it's really a 30% tax, not 23%.

Something else RP probably understands better than anyone else. Bring it on, Ron.

 

[adwads]

f*ck the fair tax

 

[Ron LOL]

Um, yes, nominally it would be a 30% tax...state sales tax is typically 7%.

Edit: also, I really have no problem with the Fair Tax at all. If you're going to have an income tax, a high sales tax is the way to do it. Solves a lot of the collection/underreporting/dishonesty issues. Also, my biggest problem with the income tax personally is that I feel it inhibits saving. The Fair Tax doesn't have this problem. Honestly, you should welcome the Fair Tax with open arms.

 

[MayTheRonBeWithYou]

I would like the fair tax if it was 10%.

One thing I don't understand about the "prebate" though, is how the government is supposed to know who is "low income" and who is not. Seems like you would need another IRS to figure that out.

 

[Alabama Supporter]

Many RP supporters I know also support the fair tax.

I wouldn't trash it too much.

 

[wgadget]

I don't think they were even adding on state sales tax. It was more like for a $100 item, you pay $130, because 23% taken away from $130 is $100. Something about working it backwards. I dunno...it boggles my brain. But you can bet Ron understands it.

They were also saying that it wouldn't be good for houses, either, but I didn't really get why.

 

[dante]

a 30% sales tax would encourage black market sales just as much as the income tax encourages underreporting. Best method is a flat tax of 0%

 

[wgadget]

a 30% sales tax would encourage black market sales just as much as the income tax encourages underreporting. Best method is a flat tax of 0%

Agreed.

 

[MayTheRonBeWithYou]

a 30% sales tax would encourage black market sales just as much as the income tax encourages underreporting. Best method is a flat tax of 0%

Right. Once you over 10 or 15%, it wil create a huge black market, and then you need a jackbooted police state to enforce the tax.

 

[Flirple]

Don't believe all the misinformation people are toughing against the FairTax. If it were to be implimented as the bill is written it would be an awesome improvement.

Critics always say the rate is 30% instead of 23% to scare people. Both figures are technically correct and the only difference is that the 23% figure is if you calculate the tax "inclusively" (after the purchase) and the 30% figure is if you calculate the tax "exclusively" (before the purchase). If people are going to cry foul about using the "inclusive" method of calsulation then you have to be fair and use that same logic on out current income tax, because it is currently calculated "inclusively". That is specifically why the are using the same method for the FairTax.

Listen, we can't whine and complain around here about the way the media misleads the public on Ron's positions and then do the same thing on other candidates postions. Especially on a pretty good proposal like the FairTax. http://www.fairtax.org/site/News2?news_iv_ctrl=1541&page=NewsArticle&id=8248

Of course someone like Huckabee should not be trusted to guide the FairTax into law. But those critizisms should rest on the flaws of Huckabee not the flaws of the FairTax.

 

[Ranger29860]

I dont like the fair tax i end up paying more tax that way lets ee 2000 dollar tv 600 tax and thats on one purchase i made this year i only paid like 1500 in taxes last year this year i paid none though

 

[wgadget]

I still think that RP's 0% flat tax is far superior. It relies on CUTTING SPENDING, which is what we really need.

 

[Shellshock1918]

I would like the fair tax if it was 10%.

ditto.

 

[Edu]

No tax is a fair tax. (no direct tax)

 

[Ron LOL]

Agreed.

This is such a fallacy.

Fair Tax actually works beautifully here, without any additional effort! No reputable merchant would risk not collecting the sales tax. Second hand sales SHOULDN'T be taxed -- the tax has already been paid. And by moving the tax upstream to the producer (I think this is how VAT works), you can really eliminate just about all fraud.

There wouldn't be a black market because there can't be a black market.

 

[integrity]

the fair tax would insure that the spending would continue with no chance of real reform. Huckabee has never criticized the Fed either (to my knowledge) We will never get out of the hole without ending the (fraud) interest on the national debt.

 

[Flirple]

The other thing that drives me crazy about all the disingenuous FairTax trashing is when people fail to grasp that you will no longer have federal taxes taken from your paycheck. Not to mention no more capital gains taxes, alternative minimum taxes, death taxes, and corporate taxes. In other words you will have a lot more money to spend (or save) in the first place.

Whats important to understand is that with no corporate taxes driving up the cost of merchandise the price of goods and services will first drop (about 20%) before the new sales tax (23% inclusively figured) is added. An increase in price by only a few % points. So in the end, you have a lot more spending cash from the removal of all current federal taxes and then you will be paying a few % points more at the register with the new sales tax.

 

[wgadget]

And I can just imagine the prices of used stuff going through the roof.

 

[CopperheadNC]

Any new taxation system that is income neutral does not solve the underlying issue of over-funding the government. This government needs to be choked financially, so that it is forced to shrink.

 

[wgadget]

And what makes you so sure that corporations wouldn't try to pad their prices? How would we know what their actual cost is?